Ondas Inc.

ONDS · Small cap · 4 articles

Financial highlights

Metric	FY 12/31/25	FY 12/31/24	FY 12/31/23	FY 12/31/22	FY 12/31/21
Income Statement
Revenue	$50.7M	$7.2M	$15.7M	$2.1M	$2.9M
Cost of revenue	$30.6M	$6.8M	$9.3M	$1.0M	$1.8M
Gross profit	$20.2M	$345,000	$6.4M	$1.1M	$1.1M
Research and development	$20.9M	$12.5M	$17.1M	$24.0M	$5.8M
Operating expenses	$78.5M	$35.0M	$46.1M	$70.5M	$19.1M
Operating income	-$58.4M	-$34.6M	-$39.7M	-$69.4M	-$18.0M
Interest expense	$6.6M	$3.6M	$4.2M	$3.8M	$575,685
Pretax income	-$132.9M	-$38.0M	-$44.8M	-$73.2M	-$17.9M
Income tax expense	$488,000	—	—	—	-$2.9M
Net income	-$132.2M	-$38.0M	-$44.8M	-$73.2M	-$15.0M
Balance Sheet
Cash and equivalents	$550.7M	$30.0M	—	$29.8M	$40.8M
Current assets	$685.9M	$47.5M	$23.6M	$35.8M	$44.7M
Total assets	$1.1B	$109.6M	$92.2M	$97.9M	$117.4M
Current liabilities	$141.8M	$50.6M	$35.9M	$22.7M	$4.6M
Total liabilities	$661.2M	$73.7M	$47.1M	$39.7M	$5.2M
Total debt	—	—	—	$500,000	—
Stockholders' equity	$437.8M	$16.6M	$33.1M	$58.2M	$112.2M
Cash Flow Statement
Cash from operations	-$38.7M	-$33.5M	-$34.0M	-$38.0M	-$16.9M
Depreciation and amortization	$946,000	$602,000	$5.0M	$4.0M	$116,231
Stock-based compensation	$16.0M	$1.3M	$1.0M	$5.9M	$3.3M
Capital expenditure	$2.0M	$1.6M	$211,035	$2.9M	$923,718
Free cash flow	-$40.8M	-$35.1M	-$34.2M	-$40.8M	-$17.8M
Impairments	—	—	$1.1M	$19.4M	$0

Shares outstanding 495.8M · Free float 92.0%

Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.